EUR/USD currency pair is going to bear this time around, traders on the currency pair are advice to sell the euro and purchase the dollar, from technical analysis and every other indicators, they are declaring a strong sell. let us take a look at to today's EUR/USD currency paiir prediction.
WATCH Entry Spot 1.2322
Exit Spot 1.1000
Stop Loss 1.1300
Indicator SOER
NEWS AND ANALYSIS ON EUR/USD
The EUR/USD pair withered a youngster wobble in the European session and managed to maintain above 1.12 handle despite the consistent Greek adaptableness no covenant temporary.
Weak US data supports EUR
The pair managed to rise to 1.1230 after the NY empire proclaim manufacturing index printed at -1.98, missing the conventional 5.20 by a big margin. The feeble data weighed difficult than the US dollar. However, the gains in the pair are beast capped by even increasing threat of Grexit.
The upside has furthermore been capped by widening of the US-German 10-year espouse evolve, which currently hovers at 153 basis points, compared to the last weeks low of 145 basis points. Investors now await Draghi speech and the US industrial production number (exp 0.2%) due merged today.
EUR/USD Technical Levels
The unexpected resistance is seen at 1.1238 (hourly 200-MA), above which gains could be outstretched to 1.1260 (hourly 100-MA). On the flip side, a crack knocked out 1.1188 (daily low) could shove the pair the length of to 1.1150.
